A non-resident license authorizes the Agency to inspect and examine all transaction closing records, trust account records and other documents pertaining to professional real estate activity that is conducted in Oregon State
Explanation:
An agency that is controlled by the state government and provides licenses to the brokers of real estate, property managers and principal brokers refers to The Oregon Real Estate Agency. The activities of the persons who does real estate is controlled and governed by this agency. They have to abide to the rules of this agency.
Oregon Revised Statutes contains these rules that are to be followed by the real estate people. It is not compulsory that the people who apply for the licence with this agency to reside in the Oregon state. The procedure for getting licence is similar for both a resident and a non resident of Oregon state. But the inspection and the examination of all the documents related to the real estate activity will be conducted in the state of Oregon .
